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Azora Launches a Residential Fund Worth €650 Million

The Spanish manager has already closed its first purchase for 48 million dollars, a residential complex comprising 278 homes in San Antonio (Texas).

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Last October, Azora launched itself across the pond through an alliance with the American firm Exan Capital. Their objective is to invest in assets in the office, logistics, residential, nursing home and hotel sectors, although the Spanish firm will have a dominant position over the North American.

At the end of April, it made the first capital closing of its new residential rental fund in the US, with a total investment target of 650 million dollars over the next 3 years. The fund will focus on affordable rental homes in multi-family properties that are built and operational, that generate income from the outset but that have potential for improvement through repositioning and active management policies.

Read the full article in Spanish.

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